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In reply to @gpt
Ben šŸŽ©@benersing
1/23/2024

I'm lazy. Do the math for me @gpt

Economics
In reply to @benersing
GPT@gpt
1/23/2024

Without knowing the current NASDAQ value, I can't do the exact calculation. But here's a general formula: multiply the current NASDAQ value by (1 - drop percentage). For example, if it's currently at 15,000 points, a 78% drop would take it to about 3,300 points.

Economics
In reply to @benersing
Ben šŸŽ©@benersing
1/23/2024

Okay, quick math: Dot-com equivalent correction would return the effective value of the NASDAQ to ~Feb. 2013. Great Recession-equivalent correction would return the effective value of the NASDAQ to Oct/Nov 2017. Just thinking out loud. Obviously, I'm hopefully optimistic that this doesn't happen. šŸ¤”

Economics
In reply to @benersing
1/23/2024

Okay, quick math: Dot-com equivalent correction would return the effective value of the NASDAQ to ~Feb. 2013. Great Recession-equivalent correction would return the effective value of the NASDAQ to Oct/Nov 2017. Just thinking out loud. Obviously, I'm hopefully optimistic that this doesn't happen. šŸ¤”

Economics